|
Report Date : |
18.12.2012 |
IDENTIFICATION DETAILS
|
Name : |
UDDEHOLMS AB |
|
|
|
|
Registered Office : |
683 85, Hagfors |
|
|
|
|
Country : |
Sweden |
|
|
|
|
Financials (as on) : |
2012 |
|
|
|
|
Date of Incorporation : |
19.11.1945 |
|
|
|
|
Com. Reg. No.: |
5560462755 |
|
|
|
|
Legal Form : |
Limited liability company |
|
|
|
|
Line of Business : |
Manufacture of basic iron and steel and of ferro-alloys |
|
|
|
|
No. of Employees : |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet
normal commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
Payment Behaviour : |
No Complaints |
|
Litigation : |
Clear |
NOTES
:
Any query related to this report
can be made on e-mail: infodept@mirainform.com while quoting report
number, name and date.
ECGC Country Risk Classification List – June 30th,
2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
Sweden |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
sweden - ECONOMIC OVERVIEW
Aided by peace and neutrality for the whole of the 20th century, Sweden
has achieved an enviable standard of living under a mixed system of high-tech
capitalism and extensive welfare benefits. It has a modern distribution system,
excellent internal and external communications, and a highly skilled labor
force. In September 2003, Swedish voters turned down entry into the euro system
concerned about the impact on the economy and sovereignty. Timber, hydropower,
and iron ore constitute the resource base of an economy heavily oriented toward
foreign trade. Privately owned firms account for vast majority of industrial
output, of which the engineering sector accounts for about 50% of output and
exports. Agriculture accounts for little more than 1% of GDP and of employment.
Until 2008, Sweden was in the midst of a sustained economic upswing, boosted by
increased domestic demand and strong exports. This and robust finances offered
the center-right government considerable scope to implement its reform program
aimed at increasing employment, reducing welfare dependence, and streamlining
the state's role in the economy. Despite strong finances and underlying fundamentals,
the Swedish economy slid into recession in the third quarter of 2008 and growth
continued downward in 2009 as deteriorating global conditions reduced export
demand and consumption. Strong exports of commodities and a return to
profitability by Sweden''s banking sector drove the strong rebound in 2010,
which continued in 2011, and the government is proposing stimulus measures in
the 2012 budget to curb the effects of a global economic slowdown and boost
employment and growth.
|
Source : CIA |
Business Name UDDEHOLMS
AB
Country SWEDEN
Company Registration Number 5560462755
Main Activity Manufacture
of basic iron and steel and of ferro-alloys
Activity Code 24100
Company Status Active
Latest Turnover Figure 2.363.498.000
SEK
Latest Shareholder Equity Figure 666.304.000 SEK
Basic Information
Business Name UDDEHOLMS
AB
Registered Company Name UDDEHOLMS
AB
Company Registration Number 5560462755
Country SWEDEN
VAT Registration Number SE556046275501
Date of Company Registration 19/11/1945
Legal Form Limited
liability company
Company Status Active
Currency of this Report SEK
Principal Activity Description
Föremålet för bolagets
verksamhet är att driva stål- och verk- stadsrörelse samt att
utöva
annan därmed förenlig verksamhet.
Contact Address 68385
HAGFORS
Contact Telephone Number 0563-17000
Activity Code Activity
Description
24100 Manufacture
of basic iron and steel and of ferro-alloys
46720 Wholesale
of metals and metal ores
25500 Forging,
pressing, stamping and roll-forming of metal; powder metallurgy
|
Profit and Loss |
|||
|
Financial Year |
2012 |
2011 |
2010 |
|
Number of Weeks |
52 |
52 |
52 |
|
Currency |
SEK |
SEK |
SEK |
|
Conslotidated Accounts |
N |
N |
N |
|
Revenue |
2.436.654.000 |
2.459.569.000 |
1.600.377.000 |
|
Operating Costs |
2.297.116.000 |
2.327.804.000 |
1.716.499.000 |
|
Operating Profit |
139.538.000 |
131.765.000 |
-116.122.000 |
|
Wages &
Salaries |
|
|
|
|
Depreciation - - - |
|||
|
Financial Income |
822.000 |
744.000 |
1.724.000 |
|
Financial Expenses |
-10.549.000 |
-10.845.000 |
-11.083.000 |
|
Extraordinary
Income |
|
|
|
|
Extraordinary Costs |
-10.549.000 |
-10.845.000 |
-11.083.000 |
|
Profit before Tax |
129.785.000 |
125.506.000 |
-92.955.000 |
|
Tax |
-1.388.000 |
-13.366.000 |
1.941.000 |
|
Profit after Tax |
129.785.000 |
125.506.000 |
-92.955.000 |
|
Minority Interests - - - |
|||
|
Other
Appropriations |
-11.170.000 |
-52.025.000 |
-52.276.000 |
|
Retained Profit |
117.227.000 |
60.310.000 |
-142.896.000 |
|
|
|||
|
Financial Year |
2012 |
2011 |
2010 |
|
Number of Weeks |
52 |
52 |
52 |
|
Currency |
SEK |
SEK |
SEK |
|
Consolidated
Accounts |
N |
N |
N |
|
Land &
Buildings |
101.874.000 |
104.364.000 |
103.120.000 |
|
Plant &
Machinery |
565.849.000 |
590.752.000 |
400.374.000 |
|
Other Tangible
Assets |
179.208.000 |
147.282.000 |
347.743.000 |
|
Total Tangible
Assets |
846.931.000 |
842.398.000 |
851.237.000 |
|
Goodwill |
0 |
0 |
0 |
|
Other Intangible
Assets |
0 |
0 |
0 |
|
Total Intangible
Assets |
0 |
0 |
0 |
|
Loans To Group |
0 |
0 |
0 |
|
Other Loans |
0 |
0 |
0 |
|
Miscellaneous Fixed
Assets |
8.342.000 |
8.514.000 |
11.085.000 |
|
Total Other Fixed
Assets |
8.342.000 |
8.514.000 |
11.085.000 |
|
TOTAL FIXED ASSETS |
855.273.000 |
850.912.000 |
862.322.000 |
|
Work In Progress |
0 |
0 |
0 |
|
Other Inventories |
701.216.000 |
658.826.000 |
578.580.000 |
|
Total Inventories |
701.216.000 |
658.826.000 |
578.580.000 |
|
Trade Receivables |
67.726.000 |
60.904.000 |
40.378.000 |
|
Group Receivables |
557.288.000 |
554.697.000 |
533.007.000 |
|
Miscellaneous
Receivables |
26.492.000 |
25.094.000 |
22.167.000 |
|
Total Receivables |
651.506.000 |
640.695.000 |
595.552.000 |
|
Cash |
4.116.000 |
1.343.000 |
962.000 |
|
Other Current Assets |
0 |
0 |
0 |
|
TOTAL CURRENT
ASSETS |
1.356.838.000 |
1.300.864.000 |
1.175.094.000 |
|
TOTAL ASSETS |
2.212.111.000 |
2.151.776.000 |
2.037.416.000 |
|
Trade Payables |
223.205.000 |
219.753.000 |
158.817.000 |
|
Bank Liabilities |
0 |
0 |
0 |
|
Group Payables |
36.785.000 |
51.596.000 |
37.956.000 |
|
Miscellaneous
Liabilities |
157.846.000 |
154.208.000 |
103.762.000 |
|
TOTAL CURRENT
LIABILITIES |
417.836.000 |
425.557.000 |
300.535.000 |
|
Bank Liabilities
Due After 1 Year |
60.267.000 |
90.400.000 |
135.600.000 |
|
Other Loans Or
Finance Due After 1 Year |
0 |
0 |
0 |
|
Group Payables
After 1 Year |
0 |
0 |
0 |
|
Miscellaneous
Liabilities Due After 1 Year |
693.481.000 |
671.140.000 |
617.984.000 |
|
TOTAL LONG TERM
LIABILITIES |
1.127.971.000 |
1.172.953.000 |
1.222.883.000 |
|
TOTAL LIABILITIES |
1.545.807.000 |
1.598.510.000 |
1.523.418.000 |
|
Called Up Share
Capital |
90.000.000 |
90.000.000 |
90.000.000 |
|
Share Premium |
0 |
0 |
0 |
|
Revenue Reserves |
556.304.000 |
469.695.000 |
398.952.000 |
|
Other Reserves |
20.000.000 |
-6.429.000 |
25.046.000 |
|
TOTAL SHAREHOLDERS
EQUITY |
666.304.000 |
553.266.000 |
513.998.000 |
|
|
|||
|
Contingent
Liabilities |
241.250.000 |
223.685.000 |
228.062.000 |
|
Working Capital |
939.002.000 |
875.307.000 |
874.559.000 |
|
Net Worth |
666.304.000 |
553.266.000 |
513.998.000 |
|
|
|||
|
Pre-Tax Profit
Margin |
5.33 % |
5.10 % |
-5.81 % |
|
Return On Capital
Employed |
4.93 % |
4.87 % |
-3.98 % |
|
Return On Total
Assets Employed |
5.87 % |
5.83 % |
-4.56 % |
|
Return On Net
Assets Employed |
19.48 % |
22.68 % |
-18.08 % |
|
Sales/Net Working
Capital |
2.59 |
2.81 |
1.83 |
|
Stock Turnover
Ratio |
28.78 % |
26.79 % |
36.15 % |
|
Debtor Days |
10.15 |
9.04 |
9.21 |
|
Creditor Days |
33.44 |
32.61 |
36.22 |
|
Current Ratio |
3.25 |
3.06 |
3.91 |
|
Liquidity
Ratio/Acid Test |
1.57 |
1.51 |
1.98 |
|
Current Debt Ratio |
0.63 |
0.77 |
0.58 |
|
Gearing |
65.33 % |
90.84 % |
117.84 % |
|
Equity In
Percentage |
30.23 % |
25.81 % |
25.37 % |
|
Total Debt Ratio |
2.32 |
2.89 |
2.96 |
|
Main Address |
||
|
Address |
Country |
Telephone |
|
Unknown
address |
SWEDEN |
0563-17000 |
|
Other Address |
|
|
Address |
Country |
|
Kilsta
Industriomrade, KARLSKOGA 69137 |
SWEDEN |
Email
Addresses
Web
Pages
No information for this company.
Issued Share Capital 90.000.000
SEK
|
Current Directors |
|||
|
Name |
Appointment Date |
Position |
|
|
Bauer,
Robert |
18/11/2010 |
Actual
Member of Board |
|
|
Kbnigslehner,
Horst |
07/09/1995 |
Actual
Member of Board |
|
|
Nbbauer,
Reinhard |
18/11/2010 |
Actual
Member of Board |
|
|
Rotter,
Franz |
08/12/2009 |
Actual
Member of Board |
|
|
Dan
Gunnar Jbrgen Ekstrbm |
17/06/1992 |
Actual
Member of Board |
|
|
Jonas
Erik Falk |
10/09/1993 |
Employee
Representative |
|
|
Per
Olov Ronacher |
05/04/2012 |
Actual
Member of Board |
|
|
Jan
Bbrje Tomas Bergqvist |
05/04/2012 |
Substitute |
|
|
Karin
Maria Steneholm |
14/08/2007 |
Substitute |
|
|
|
|||
|
Previous Directors |
|||
|
Name |
Appointment Date |
Position |
Resignation Date |
|
Hans-Olov
Stbllman |
02/02/2006 |
Employee
Representative |
05/04/2012 |
|
Per
Gbran Haglund |
28/01/2008 |
Substitute |
05/04/2012 |
|
Emmerich,
Wolfgang |
18/11/2010 |
Actual
Member of Board |
16/12/2011 |
|
Rotter,
Franz |
15/04/2010 |
Chairman
of Board |
19/11/2011 |
|
Raidl,
Claus J |
02/12/1991 |
Actual
Member of Board |
25/01/2011 |
|
Haider,
Karl |
08/12/2009 |
Actual
Member of Board |
18/11/2010 |
|
Stix,
Heimo |
30/04/1997 |
Actual
Member of Board |
15/04/2010 |
|
Bauer,
Robert |
26/06/2002 |
Actual
Member of Board |
05/03/2008 |
|
Weigand,
Johann |
30/09/1999 |
Actual
Member of Board |
05/03/2008 |
|
Consemuller,
Knut |
26/06/2002 |
Actual
Member of Board |
28/01/2008 |
|
Dick
Olof Hakan Finnkvist |
16/06/2003 |
Employee
Representative |
28/01/2008 |
|
Anders
Ragnar Ruth |
20/07/2004 |
External
CEO |
28/01/2008 |
|
Ultimate Holding
Parent |
|
|
Ultimate Holding
Company Name |
BOHLER-UDDEHOLM
AG |
|
Ultimate Holding
Company Country |
AUSTRIA |
No
information for this company.
Subsidiary Name Country
Number
No
subsidaries for this company.
Affiliate Name Country
Number
No
affiliates for this company.
|
Employee
Information |
|
|
Year |
Number of Employees |
|
2012 |
871 |
|
2011 |
904 |
|
2010 |
828 |
|
2009 |
883 |
|
2008 |
877 |
|
Advisors |
|
|
Auditor Name |
KPMG
AB |
|
Tax Registrations |
|
|
Registered for FTax |
Yes |
|
Registered for VAT |
Yes |
|
Registered for
Employee Tax |
Yes |
Type Category Issuer
No
certificate information for this company.
|
Industry Comparison |
|
|
Activity Code |
24100 |
|
Activity
Description |
Manufacture
of basic iron and steel and of ferro-alloys |
|
|
|
Event History
|
|
|
Event Date |
Event Description |
|
23/11/2012 |
Annual
account, new |
|
23/11/2012 |
Group
annual accout, new |
|
21/11/2012 |
Annual
report (PDF), new |
|
14/11/2012 |
Annual
report (PDF), new |
|
02/10/2012 |
Certificate,
registered |
|
05/09/2012 |
Company
representatives, changed |
|
05/09/2012 |
Authorised
signatory, changed |
|
06/04/2012 |
Authorised
signatory, changed |
|
06/04/2012 |
Company
representatives, changed |
|
06/04/2012 |
Board,
changed |
|
31/01/2012 |
Certificate,
deregistered |
|
17/12/2011 |
Board,
changed |
|
17/12/2011 |
Company
representatives, changed |
|
17/12/2011 |
Authorised
signatory, changed |
|
22/11/2011 |
Board,
changed |
|
22/11/2011 |
Authorised
signatory, changed |
|
22/11/2011 |
Company
representatives, changed |
|
09/11/2011 |
Annual
account, new |
|
08/11/2011 |
Annual
report (PDF), new |
|
07/11/2011 |
Annual
account, new |
|
07/11/2011 |
Group
annual accout, new |
|
31/10/2011 |
Annual
report (PDF), new |
|
29/03/2011 |
Phone
number, new |
|
29/03/2011 |
Fax
number, new |
|
26/01/2011 |
Authorised
signatory, changed |
|
26/01/2011 |
Board,
changed |
|
26/01/2011 |
Company
representatives, changed |
|
30/11/2010 |
Annual
account, new |
|
26/11/2010 |
Annual
report (PDF), new |
|
24/11/2010 |
Annual
account, new |
|
24/11/2010 |
Group
annual accout, new |
|
19/11/2010 |
Authorised
signatory, changed |
|
19/11/2010 |
Board,
changed |
|
19/11/2010 |
Company
representatives, changed |
|
17/11/2010 |
Annual
report (PDF), new |
|
25/05/2010 |
Merge
information, changed |
|
25/05/2010 |
Status,
changed |
|
16/04/2010 |
Company
representatives, changed |
|
16/04/2010 |
Company
name, changed (old name: Uddeholm Tooling Aktiebolag) |
|
16/04/2010 |
Board,
changed |
|
16/04/2010 |
Authorised
signatory, changed |
|
18/03/2010 |
Merge
information, changed |
|
21/12/2009 |
Annual
account, new |
|
09/12/2009 |
Authorised
signatory, changed |
|
09/12/2009 |
Company
representatives, changed |
|
09/12/2009 |
Board,
changed |
|
26/11/2009 |
Annual
report (PDF), new |
|
25/11/2008 |
Annual
account, new |
|
20/11/2008 |
Board,
changed |
|
20/11/2008 |
Company
representatives, changed |
|
07/11/2008 |
Annual
report (PDF), new |
|
06/03/2008 |
Company
representatives, changed |
|
06/03/2008 |
Board,
changed |
|
06/03/2008 |
Authorised
signatory, changed |
|
29/01/2008 |
Board,
changed |
|
29/01/2008 |
Authorised
signatory, changed |
|
29/01/2008 |
Company
representatives, changed |
Debt
balance at the Swedish Enforcement Agency
Number of Private Claims --
Balance of Private Claims --
Number of Public Claims --
Balance of Public Claims --
Total Balance --
Record
of non-payment
Number of distraint attempts and
repossessions --
Number of public claims --
Number of private claims --
Number of applications for an order to pay --
Number of reclaimed/revoked applications --
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian
Rupees |
|
US Dollar |
1 |
Rs.54.62 |
|
UK Pound |
1 |
Rs.88.40 |
|
Euro |
1 |
Rs.71.85 |
INFORMATION DETAILS
|
Report
Prepared by : |
NLM |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the
strongest capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for
credit transaction. It has above average (strong) capability for payment of
interest and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy.
General unfavourable factors will not cause fatal effect. Satisfactory
capability for payment of interest and principal sums |
Fairly
Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet
normal commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems
comparatively below average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and
principal sums in default or expected to be in default upon maturity |
Limited
with full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be
exercised |
Credit
not recommended |
|
-- |
NB |
New
Business |
-- |
This score serves as a reference
to assess SC’s credit risk and to set the amount of credit to be extended. It
is calculated from a composite of weighted scores obtained from each of the
major sections of this report. The assessed factors and their relative weights
(as indicated through %) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit
history (10%) Market
trend (10%) Operational
size (10%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.